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- Style="padding-right: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px"> ----- Original Message ----- <DIV style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From: ztrader To: <A title=realtraders@xxxxxxxxxxxxxxx href="mailto:realtraders@xxxxxxxxxxxxxxx">realtraders@xxxxxxxxxxxxxxx Sent: Wednesday, April 10, 2002 8:24 PM Subject: Re[4]: [RT] random price moves in ES? On Wednesday, April 10, 2002, 5:54:16 PM, wavemechanic wrote:w> I seems to me if you had a small army of RTers that would feed infow> to you eventually a statistically valid evaluation would emerge.That is NOT what I had in mind. :-) Originally, I was just asking ifanyone knew of an existing statistical analysis of Fib retraces.w> However, before starting down that road, I think it is necessary tow> define what a "hit" is. In other words, touch a Fibonacci levelw> +/- ??? 0%, 1%, etc.Agreed. We can easily define a band around each line. I don't want toget into 'fuzzy' hits. :-)w> It is probably also necessary to define the type of level (w> retracement, extension, APPs) as the statistics might be a functionw> of type.Agreed. I'd settle for just a simple Fibo retracement set to start.w> So, are you going to work up the spreadsheet?I wasn't, but we seem to be going along a bit more than I expected.Nobody has mentioned what might be the biggest problem - defining whatwe mean by a 'swing' , from which we draw the fibs. This can introducemore variables than first meets the eye. :-) I suspect it is thisissue that will make it more difficult to do well. We can have %swings, # bar swings, variable swings, adaptive swings.... What *do*we mean by a swing?I'm sure Clyde will jump in here with his view. :-)ztraderTo unsubscribe from this group, send an email to:realtraders-unsubscribe@xxxxxxxxxxxxxxxYour use of Yahoo! Groups is subject to the <A href="http://docs.yahoo.com/info/terms/">Yahoo! Terms of Service.
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